Aurora, IL, Nov. 26, 2013 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation
(Nasdaq: CCMP), the world's leading supplier of chemical
mechanical planarization (CMP) polishing slurries and a growing CMP
pad supplier to the semiconductor industry, today announced that it
has received an Outstanding Supplier Performance Award from
Microchip Technology Inc., in recognition of its performance in
quality, reliability and service in 2012. Microchip
recognized Cabot Microelectronics for its significant contributions
in providing CMP slurries and pads solutions deemed essential to
Microchip's success.

"We are very pleased to have earned this
Outstanding Supplier Performance Award from Microchip," stated
William Noglows, Chairman and CEO of Cabot Microelectronics. "We
are committed to working closely with our customers to deliver
innovative, high-quality, high-performing and reliable CMP products
and solutions."

"Cabot Microelectronics has made valuable
contributions to Microchip's CMP polishing platforms, by providing
excellent technology and performance," said Kathy Clevenger,
Microchip's Vice President of Manufacturing Operations at Fab 4.
"Its team provides Microchip with technical expertise along
with excellent customer service and continuous improvement.
We appreciate the value and commitment Cabot Microelectronics
brings to Microchip, and look forward to continuing our long-term
relationship."

ABOUT CABOT MICROELECTRONICS CORPORATION

Cabot Microelectronics Corporation,
headquartered in Aurora, Illinois, is the world's leading supplier
of CMP polishing slurries and a growing CMP pad supplier to the
semiconductor industry. The company's products play a
critical role in the production of advanced semiconductor devices,
enabling the manufacture of smaller, faster and more complex
devices by its customers. The company's mission is to create
value by developing reliable and innovative solutions, through
close customer collaboration, that solve today's challenges and
help enable tomorrow's technology. Since becoming an
independent public company in 2000, the company has grown to
approximately 1,050 employees on a global basis. For more
information about Cabot Microelectronics Corporation, visit
www.cabotcmp.com or contact Trisha Tuntland, Manager of Investor
Relations at 630-499-2600.

SAFE HARBOR STATEMENT

This news release may include statements that constitute
"forward looking statements" within the meaning of federal
securities regulations. These forward-looking statements include
statements related to: future sales and operating results;
company and industry growth, contraction or trends; growth or
contraction of the markets in which the company participates;
international events, regulatory or legislative activity, or
various economic factors; product performance; the generation,
protection and acquisition of intellectual property, and litigation
related to such intellectual property; new product introductions;
development of new products, technologies and markets; natural
disasters; the acquisition of or investment in other entities; uses
and investment of the company's cash balance; financing facilities
and related debt, payment of principal and interest, and compliance
with covenants and other terms; the company's capital structure;
and the construction and operation of facilities by Cabot
Microelectronics Corporation. These forward-looking statements
involve a number of risks, uncertainties, and other factors,
including those described from time to time in Cabot
Microelectronics' filings with the Securities and Exchange
Commission (SEC), that could cause actual results to differ
materially from those described by these forward-looking
statements. In particular, see "Risk Factors" in the company's
annual report on Form 10-K for the fiscal year ended September 30,
2013, filed with the SEC. Cabot Microelectronics assumes no
obligation to update this forward-looking information.

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